In financial markets, the term “expiration” typically refers to the expiration of options or futures contracts associated with these ETFs and indices. Many of the ETFs and indices mentioned, such as SPY (S&P 500 ETF), QQQ (Nasdaq-100 ETF), and SPX (S&P 500 Index), have options that expire on specific days. Traditionally, equity and ETF options expire on the third Friday of each month. However, recent trends have seen the introduction of weekly and even daily expiration options in some cases.
SPY and QQQ, for example, offer options that can expire on multiple days of the week, including Monday, Wednesday, and Friday, providing more flexibility for traders. This means that these ETFs can have options expiring on the same day or every other day.
SPX options are often available with weekly expirations and may even support daily expirations, allowing for frequent expiration opportunities.
NDX (Nasdaq-100 Index) generally has similar options expiration availability, aligning with other major indices.
IWM (iShares Russell 2000 ETF) and RUT (Russell 2000 Index) also support multiple expirations within a week, typically on Fridays, but with the increasing availability of other days similar to SPY and QQQ.
XSP (S&P 500 Mini-Options) and XSP options usually expire on a more traditional schedule but have also seen an expansion to include multiple expiration days.
TLT (Treasury Bond ETF), SLV (Silver ETF), USO (Oil ETF), and GLD (Gold ETF) predominantly adhere to the monthly expiration schedule, though weekly options are available, leading to possible multiple expiration days within a single week.
As market trends evolve, so too do the expiration offerings to meet trader demand, making it essential to check specific options chains or with exchanges for the most up-to-date expiration schedules for these instruments.
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